RWC Oakleigh is thrilled to present 394-395 Nepean Highway, Chelsea to the market for sale available through a public on-site and online auction on Wednesday, 17 July 2024 at 12:00pm (AEST).

Discover these two desirable, side-by-side commercial properties offering a wealth of opportunities, ideal for those seeking a dual-income investment or aiming to partially occupy while considering future development prospects (STCA).

395 Nepean Highway is currently leased to long-standing tenant Barry Plant Chelsea, under a new three-year lease with options, while 394 Nepean Highway is being offered with vacant possession.

The properties boast a fantastic double frontage of 11m* and benefit from seven onsite secure car spaces for the occupants. Additionally, there is ample council public parking directly at the rear of the premises.

The surrounding area is bustling with an array of complementary businesses and amenities, showcasing the strength of this thriving bayside suburb. Chelsea Train Station is directly across the road & Chelsea Beach only 225m* away.

This prime bayside location is highly sought-after by property investors and businesses, promising a blend of convenience, exposure and potential. Don't miss out on this
exceptional opportunity.

Key Property Features:

• Two properties on one title
• Double frontage | impressive 11m*, enhancing visibility and exposure
• Total land area | 458m2*
• Combined building area | 247m2*
• Potential Income (fully tenanted) | $85,500 p/a net*
• Parking | 7 exclusive car spaces plus abundant council parking at the rear

Location Highlights:

• Business Hub | Surrounded by a vibrant mix of businesses, contributing to the area's economic vitality.
• Transport |Chelsea Train Station is conveniently located directly across the road.
• Leisure | Chelsea Beach, located only 225 meters* away, offers a serene escape.

395 Nepean Highway, Chelsea:

• Building area | 133m2*
• Occupied by long standing tenant Barry Plant Chelsea
• New 3 year lease expiring Dec 2026 with further options
• Current income | $45,500 p/a net

394 Nepean Highway, Chelsea:

• Building area | 114m2*
• Offered with vacant possession, ready for immediate use or rental
• Potential Income $40,000 p/a net

INSPECTION TIMES

• Tuesday 25th June | 1:00pm - 1:30pm
• Tuesday 2nd July | 1:00pm - 1:30pm
• Tuesday 9th July | 1:00pm - 1:30pm
• Tuesday 16th July | 1:00pm - 1:30pm
• Wednesday 17th July | 11:30am - 12:00pm (Auction Day)

For further information, don't hesitate to get in touch with one of the exclusive marketing agents below:

Ryan Amler | 0401 971 6...
George Ganavas | 0478 634 562

*All areas and figures approx. only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.